▸ European equities advance on signs of progress for a Ukraine ceasefire▸ Weaker US technology stocks drag Wall Street benchmarks lower▸ Japanese government bonds slip after weak demand at a debt auctionEuropean stocks rose yesterday, buoyed by signs of progress in efforts to bring about a ceasefire in Ukraine.US President Donald Trump warned Russia's President Vladimir Putin that he would face a “rough situation” if he did not co-operate in negotiations to end the war.After Monday's meeting with European leaders at the White House, Trump also said the US could assist the continent in providing security guarantees to Ukraine if there was a ceasefire.The region-wide Stoxx Europe 600 index rose 0.7 per cent. In Paris, the Cac 40 index jumped 1.2 per cent while Frankfurt's Xetra Dax index climbed 0.5 per cent. The Swiss Market Index gained 1.2 per cent.In London, the FTSE 100 index advanced 0.4 per cent to a record high.Defence companies pulled European stock markets lower as investors considered the implications of an end to the conflict for weapons manufacturers.
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